Nifty future weekly outlook for next week starting from 14th September 2020www.tasteofrajasthan.online
The nifty future may find support around following levels 11090--11413 on the downside which are price extension drawn from low of 4592.40 to high of 6349
The nifty future may find resistance around following levels 11618--11782 on the upside which are price extension drawn from low of 2228 to high of 6336
During the week Nifty Future made a low of 11,202 without breaking the support of 11090 and made a high of 11,487.40 touching our resistance of 11413 and closed the week above 11413 that is at 11467.10. We had adviced last week that 11413 is the make and break point for Nifty future which started it rally from 7526 till 11794.45.For Nifty future to be in the bulllish mood has to trade above 11413 only.For the time being Nifty Future is trading between 11090-11413 on downside and 11618-11782 on the upside.This week Nifty future closed above 11413 which was resistance for this week.Nifty future has again come in bullish mode. For Nifty future to make new high has to trade above 11413 for 2 to 3 weeks in consolidation mode.
Broader trading range for the week: 1109 – 11782
Immediate probable trading range for the week: 11413 – 11618